Very energetic, enjoyable, and entertaining. Despite being used as a modifier before nouns, the phrase is usually not hyphenated. Families from across the state had a high old time at the annual county fair this weekend. The town has strictly maintained its 16th-century architecture and design, disallowing any new buildings to disrupt the air of preservation. That being said, this is still a high old town, with bustling markets during the day and a vibrant nightlife after the sun goes down.